Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h +0.046%

Price spread now: GMX against edgeX+0.077%70s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.077% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BCHUSDC	270.10	0.0100	pay 0.0050% / 4h	1h 11m	$19K	$290K	20x
Short	GMX BCH/USD [WBTC.b-USDC]	270.31	L +0.0335% / S −0.0388%	get 0.0048% / 1h	11m 49s	$26K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee GMXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $60.4
Price spread: +0.077% → 0.000%: $7.7
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $47.1
Costs to cover: 0.210%
Break-even: 1.5 days

Slippage unknown: edgeX: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 6 min ago	7.40 bp	12.1 bp −$12	15.3 bp −$153	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0482%	1h	270.17	+0.023%	$458K	$265K	25x	as long as short
Phemex BCHUSDT	−0.0191%	8h	270.08	−0.009%	$4.9M	$6.5M	50x	as long as short
SoDEX BCH-USD	−0.0170%	1h	270.01	−0.035%	$2K	$6K	10x	as long as short
Injective BCH/USDC PERP	−0.0154%	1h	270.20	+0.036%	$721	$130K	12x	as long as short
Variational Omni BCH	−0.0115%	8h	269.72	−0.144%	$83K	$294K	—	as long as short
Bybit BCHUSDT	−0.0067%	8h	269.80	−0.113%	$39.4M	$33.0M	75x	as long as short
Extended BCH-USD	−0.0048%	1h	269.84	−0.099%	$117K	$653K	25x	as long as short
Binance BCHUSDT	−0.0046%	8h	269.98	−0.046%	$75.1M	$234.2M	75x	as long as short
MEXC BCH_USDT	−0.0045%	8h	270.55	+0.165%	$70.9M	$6.6M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	270.30	+0.073%	$5K	$248	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXBCHPERP	0.0000%	8h	270.45	+0.128%	$1.3M	$11.8M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	270.25	+0.053%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0005%	8h	270.00	−0.039%	$8.4M	$14.9M	75x	as long as short
Coinbase International BCH-PERP-INTX	+0.0016%	1h	270.97	+0.321%	$243K	$2.1M	50x	as long as short
GRVT BCH_USDT_Perp	+0.0018%	8h	270.08	−0.009%	$394K	$17K	10x	as long as short
Bitget BCHUSDT	+0.0019%	8h	270.09	−0.005%	$19.5M	$29.4M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0024%	8h	270.05	−0.020%	$2K	$176	10x	as long as short
OKX BCH-USDT-SWAP	+0.0060%	8h	269.80	−0.113%	$26.4M	$78.3M	50x	as long as short
BingX BCH-USDT	+0.0065%	8h	269.98	−0.046%	—	$30.5M	—	as long as short
BloFin BCH-USDT	+0.0074%	8h	269.94	−0.061%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0094%	1h	270.00	−0.039%	$442K	$428K	10x	as long as short
Lighter BCH	+0.0096%	1h	270.07	−0.012%	$378K	$588K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	270.25	+0.054%	$6.0M	$4.2M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	270.13	+0.010%	$218K	$703K	75x	as long as short
Pacifica BCH	+0.0100%	1h	270.15	+0.016%	$164K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	270.10	−0.002%	$9.3M	$8.0M	75x	as long as short
edgeX BCHUSDClong	+0.0100%	4h	270.10	long leg	$19K	$290K	20x
ApeX Omni BCHUSDT	+0.0100%	1h	270.36	+0.095%	$73K	$213K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	269.91	−0.072%	$1K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	270.06	−0.016%	$777K	$1.7M	75x	as long as short
Kraken Futures PF_BCHUSD	+0.0113%	1h	270.28	+0.065%	$818K	$3.2M	50x	as long as short
GMX BCH/USD [WBTC.b-USDC]short	L +0.0335% / S −0.0388%	1h	270.31	+0.077%	$26K	—	100x